With a prolonged bear market, cryptocurrency bulls may face difficulties in generating sustainable profits. But have you ever thought about staking? Staking is when you lock up your digital assets on exchanges to earn interest or reward. Even when the price is low, you can make money through staking. More so, at the low valuations of most tokens, you can get more at a lower price. Here are cryptocurrencies trading at or below $1 you can stake.

Cardano (ADA/USD) is one of the best tokens to stake under $1. The cryptocurrency trades at $0.3 after a prolonged crypto winter. However, with the recent Vasil upgrade, Cardano is a top contender as one of the best blockchains around. As more entities join the network, Cardano will continue to grow, and the staking feature will become more popular.

You can effectively stake on Cardano through a staking pool. Staking on centralised exchanges like Binance allows users to lock their digital assets at different time frames. Users can also run their staking pool.

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Coinbase is a global cryptocurrency exchange. Its platform is well designed for beginner investors and it offers a wide range of coins, as it has over 100 to choose from. Coinbase has high level security built into the platform, a range of diverse features to use and it offers its users options for storing their crypto, such as being able to store coins on the Coinbase exchange.

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Trading at just $1, staking on Tezos (XTZ/USD) can generate passive income in a bear market. Tezos is an open-source smart contract protocol. Users can generate new digital assets and dApps on Tezos.

Staking on Tezos gives the user an annual yield of around 3%, less the validators’ fees. The rate changes depending on varying criteria. After you delegate the tokens to a staking pool, it will take about five weeks to receive the first reward. After that, the rewards are received around every 3 days.

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Bitpanda is a digital assets brokerage company. It has grown to become one of the most popular crypto exchanges in the world, as it offers a user-friendly interface, it has developed a bunch of great features and it offers a variety of coins to invest in. Bitpanda has also built a reputation for security, and it has never experienced a hack of its data before.

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Algorand is regarded as a Pure Proof of Stake (PPoS) protocol. It uses the Byzantine consensus and adopts a more egalitarian approach compared to the PoS systems. The protocol does not fork, yet it is known for immediate transactions. 

Algorand’s native token ALGO price is just $0.24, and staking it presents limited restrictions. From as low as one ALGO, you can get started on Algorand. The staking rewards depend on how long you delegate your assets.

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

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Coinbase is a global cryptocurrency exchange. Its platform is well designed for beginner investors and it offers a wide range of coins, as it has over 100 to choose from. Coinbase has high level security built into the platform, a range of diverse features to use and it offers its users options for storing their crypto, such as being able to store coins on the Coinbase exchange.

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In a nutshell, there are numerous cryptocurrencies you can stake at or below $1. The list above is not exhaustive but offers some of the most sound tokens you can start for your staking journey.

The post Top tokens at or under $1 you can stake and earn rewards in a bear market appeared first on CoinJournal.

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